Regional Law No.191-35 of 1998 on investments in immovable property of St.Petersburg.
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LEX-FAOC041963
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1
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This Law establishes the conditions and the modalities of realization on investment activity aimed at building of the plots of land, for completion of unfinished constructions, reconstruction of edifices, their parts belonging to St.Petersburg for the purpose of profiting when the result is creation of immovable property. Article 7 establishes that investment prospect must contain the obligation of a potential investor to pay the services of the preparation of urban construction and land surveying documentation. Article 19 determines the conditions of investment agreement in case of concession of the plot of land for building. It specifies that in case of concession of the plot of land in lease the period of lease must not exceed 49 years.
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